Grafton Group (LON:GFTU) PT Lowered to GBX 970 at Berenberg Bank

Grafton Group (LON:GFTU) had its price objective lowered by Berenberg Bank from GBX 1,010 ($13.20) to GBX 970 ($12.67) in a research report sent to investors on Tuesday morning, Digital Look reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on GFTU. Canaccord Genuity set a $394.00 price objective on Tesla and gave the stock a buy rating in a report on Wednesday, July 3rd. Liberum Capital lowered their price target on Superdry from GBX 600 ($7.84) to GBX 500 ($6.53) and set a buy rating for the company in a research note on Wednesday, July 10th. Finally, Peel Hunt reaffirmed a buy rating on shares of Lookers in a research note on Monday, July 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 888 ($11.60).

GFTU stock opened at GBX 754.50 ($9.86) on Tuesday. The stock has a market cap of $1.79 billion and a price-to-earnings ratio of 11.96. Grafton Group has a 52-week low of GBX 626.50 ($8.19) and a 52-week high of GBX 938.50 ($12.26). The company has a debt-to-equity ratio of 21.29, a quick ratio of 1.03 and a current ratio of 1.59. The stock’s 50-day moving average price is GBX 833.92.

In other news, insider Gavin Slark sold 41,421 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of GBX 905 ($11.83), for a total value of £374,860.05 ($489,821.05).

Grafton Group Company Profile

Grafton Group plc engages in the merchanting, retailing, and mortar manufacturing businesses in Belgium, Ireland, the Netherlands, and the United Kingdom. Its Merchanting segment distributes building and plumbing materials to professional trades people engaged in residential repair, maintenance, and improvement projects, as well as in residential and other new build construction.

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Analyst Recommendations for Grafton Group (LON:GFTU)

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